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22 March, 15:39

If you wanted to compare the quantity of output of a country across time periods, which of the following would you use? (A) the consumer price index (B) nominal GDP (C) the GDP deflator (D) real GDP (E) GDP minus GNP

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  1. 22 March, 15:59
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    the best way to compare the output in quantities over a period of times will be (D) real GDP.

    this is becasue real GDP is calculated by adjusting for the changes in prices, therefore it does not contain any changes in the prices and only reflects the increase or decrease of the output quantities.
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